Gages don't work (I hear this is common).
Seats need re-stitching, but the leather is still in good condition.
The power seat controls are on the fritz.
The throw out bearing is noisy.
The paint is gone, but I'm not complaining cuz I bought it that way.
Just bought this car from a guy moving to Maui for $2,100. It has the intake manifold off an M6, and a slightly hotter cam according to the dude I bought it from.
The car is pretty damn fast, even against today's cars. I hear they are reliable, and I will update this if/when something else goes wrong.
But these cars are definitely badass, and chicks dig them, even if the throw out bearing is making all kinds of noise.
Here is an update: After pressure washing 25 years of oil off the engine transmission rear end and pretty much the whole car, I discovered a power steering leak (easy fix I'm sure) and something is either leaking in the exhaust or oil is stuck in the heat shield, because it is stinking and smoking a little bit. But it still runs fine, pulls hard and is fun.
Adding to the list... I replaced all the coolant hoses, fuel pump, rear main seal, clutch, guibo, input and output shaft seals, clutch slave cylinder, and rear end. Gauges are a pain in the ass to find for this car (in California). Also, lower radiator hoses made by Goodyear may need to be zip tied to the A/C solid line so it does not rub on the fan belt (it did on mine).